Hey Guys, here with a quick idea, but does not mean this idea is meaningless. ARCH has amazing fundamentals. Do your own DD but I promise they're fantastic Huge uptrend, 0.5 retractment, rising 5-Day MA, and positive ichimoku are looking good for this stock. Profit target of 114. Likely route is that it hits the top, retracts a little, then continues on to 114....
Hey Guys, Gonna make this very quick. Steel is looking ridiculous right now. It broke out of its logarithmic resistance (extremely hard thing to do, took around 8 years), is at a daily resistance right now of around 51.60, and has fantastic potential to jump up to 57.00-58.00 MINIMUM, 76.00 being Aggressive. That doesn't even include the new tariff Trump put in...
Hey guys, I've been posting a lot of Bullish ideas recently, however due to the market instability, negative fundamentals, and recent failure to move past a key resistance point for the Indices, I've decided to post a short idea I know I could very possibly use myself if the market proves to be bearish. This stock, INCY, is ridiculously horrible. It's truthfully...
On the daily chart, it is showing that the market is hitting the daily resistance and the RSI is showing that the market is close to being overbought. On the 4 hr chart, it shows RSI being overbought and the 1 hr shows it being overbought again so that is confirmation that we will go short on this trade once an entry has been found. Currently I placed a mini...
We don't create regular indicators! We create tools that can be used by many different ways to take the right decisions.
Guys, This is why I don't take multiple profit targets. Most harmonic traders will take targets at the 38.2% Fib level, and the 61.8% Fib level and maybe even a third profit target at the 100% level. I ONLY take at the 38.2% Fib level. And I take everything off at that point. The Reason: In my testing,(backtesting, demo trading and Live trading) I found that...
Spotted a bat pattern forming on the NZDCHF daily chart. When the market opens back up tomorrow I plan on setting a buy limit order at the 0.886 retracement of X to A with my stop loss just below X and profit target set for the 0.382 retracement of the A to D move.